RENTAL
East SideManhattanBrokerage 650MadisonAvenue
NewYork,NY10022
2126067660
DowntownManhattanBrokerage 149FifthAvenue,4thFloor NewYork,NY10010 2124312440
SERVICES
Our RentalServices
SPECIALIZEDEXPERTISE:Harness thein-depth knowledgeof seasoned agents well-versed in New York's neighborhoods,market dynamics,and legal nuances
TIME-EFFICIENT APPROACH:Delegate property searches,viewings,and paperwork to our adept team,optimizing your timeinvestment.
EXCLUSIVEPROPERTYACCESS:Unlock a diverse array of rental opportunities through our agent network, expanding your housing options
NEGOTIATIONPROWESS:Rely on our seasoned negotiators to securefavorablelease terms that align with your preferences.
SEAMLESSTRANSACTIONS:Navigate intricate leaseagreements seamlessly under the guidanceof professionals well-versed in legal intricacies.
MARKET INTELLIGENCE:Stay apprised of rental trends and property valuations,empowering well-informed decision-making
ESTABLISHEDCONNECTIONS:Benefit from our extensivenetwork of esteemed landlords and industry experts, ensuring credibility and quality
ELEVATEDTRANQUILITY:Experiencea stress-minimized transition facilitated by our committed support throughout theprocess
LEGALADHERENCE:Safeguard your rights and interests with comprehensive understanding of NYC's regulatory landscape.
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ExpectedDocuments
When leasing an apartment in New York, you should be prepared to provide various documents to the landlord, property management company, or real estate agent When leasing an apartment in a condominium or a cooperative, you may also be required to submit additional materials and complete a board package These documents are typically required to assess your eligibility as a tenant and to complete the leasing process. While specific requirements may vary depending on thelandlord and property,here is a general list of documents you might need:
- PROOFOFIDENTITY
- Valid government-issued photo ID(such as adriver's license or passport)
- FINANCIALSTATEMENTS
- Most condominiums and cooperatives and many landlords also require you to provide a detailed financial statement on aform acceptableto them summarizing and detailing your assets,liabilities and income
- PROOFOFINCOME
- Pay stubs and W-2s: Usually, landlords require a certain level of income (in excess of 40x the monthly rent) to ensureyou can afford therent You will need at least your last two pay stubs and two years?W-2s
- Employment verification letter:Aletter from your employer confirming your job and income
- Tax returns for 1-3 years
- RENTALAPPLICATION
- Many landlords require you to fill out a rental application form with your personal information, rental history, and references
- CREDIT REPORT
- Some landlords or property management companies might request your credit report to assess your financial responsibility.They might obtain this themselves or ask you to provide it.
- RENTALHISTORY
- Contact information for previous landlords to verify your rental history and references.
- BUSINESSANDPERSONALREFERENCES
- Personal and professional references who can vouch for your character and reliability.Tax returns for 1-3 years.
- BANKSTATEMENTS
- You should be prepared to provideyour last two months?bank statements.
- GUARANTORINFORMATION(IFAPPLICABLE):
- If your income or credit score doesn't meet the requirements, you might need a guarantor who can co-sign the lease and take financial responsibility if you can't pay rent. Typically a guarantor must show income in excess of 80x themonthly rent.
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EstimatedFees& Costs
SECURITYDEPOSIT ANDFIRST MONTH'SRENT
- Typically,you'll need to providepayment for the security deposit and thefirst month's rent beforemoving in
CREDIT CHECKFEE
- Alandlord can charge up to $20 for acredit check fee
MOVE-INFEE/DEPOSIT & MANAGINGFEE
- If you are applying for an apartment in a cooperative or condominium, many buildings require a move in fee, managing agent fee,move in deposit (which is often refundable).
BROKER'SFEE
- Typically in New York, the tenant pays the real estate broker?s fee of 15% of the annual rent for the first year of the lease.This fee is shared between the landlord?s and tenant?s agent.
*It's important to notethat each landlord,building or property management company might havespecific requirements and processes,so always check with them to confirm exactly which documents are needed Additionally,makesureto review theterms of theleasethoroughly before signing and committing to therental agreement
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